Metal 3D printing firm 3DEO has filed for insolvency with all of its intellectual property assets up for sale. 3DEO was a parts production business that developed and applied a proprietary metal additive manufacturing process. The patented Intelligent Layering process paired binder jetting with layer-by-layer CNC milling to produce parts, with 3DEO focusing primarily on…
Varta files for self-administered insolvency, including storage business ESS News Read the original article here
The Supreme Court on Monday (July 27) observed that an operation of a moratorium under the Insolvency & Bankruptcy Code, 2016, against a residential project development company would not be a ground to reject the consumer complaints against its promoters/directors. “In the present case, Respondent No.1 alone is the corporate debtor against whom the CIRP…
Varta Files for Insolvency Amid Deepening Crisis – German Battery Maker Maintains Operations – Earnings Volatility Report po-news-eg.net Read the original article here
A fourth company director has been disqualified for their role in a scheme involving unauthorised banking transactions worth almost £14 million. Daryl Dylan from Dublin allowed unarranged overdrafts with Barclays Bank to be used to make transfers of more than £1.6 million from the accounts of Oldcocdt and Oldcostl in 2021. Most of…
German battery maker Varta files for insolvency Renewables Now Read the original article here
Varta files for insolvency as German battery maker’s crisis deepens Euronews.com Read the original article here
The parent company behind the renowned Varta household battery brand said on Friday that it had applied to the Stuttgart Local Court to open insolvency proceedings under self-administration. The German battery maker, based in Ellwangen, said the filing was prompted by a structural funding gap expected from 2027, rather than an immediate inability to meet…
The RIL disclosures indicate that, seven years after the RIL-JM Financial ARC consortium took control of Alok Industries through the insolvency process, the textile company has yet to turn its balance sheet around. Losses have narrowed year-on-year and operating EBITDA has turned positive by small margins, according to Alok’s own filings, but shareholder equity remains…
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